Motorsport Games Inc. (NASDAQ:MSGM) Sees Significant Drop in Short Interest

Motorsport Games Inc. (NASDAQ:MSGM) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 18,900 shares, a drop of 43.1% from the November 30th total of 33,200 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.2% of the company’s shares are short sold.

Motorsport Games Price Performance

MSGM stock opened at $1.25 on Friday. The firm has a market capitalization of $4.71 million, a P/E ratio of 0.77 and a beta of 2.07. Motorsport Games has a 52-week low of $1.01 and a 52-week high of $4.16. The company’s 50 day simple moving average is $1.23 and its 200-day simple moving average is $1.55.

About Motorsport Games

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.